South Korea’s central bank cut rates by 25 basis points Tuesday to 2.75%, the lowest since August 2022, in an effort to boost a slowing economy amidst political uncertainty surrounding President Yoon Suk Yeol’s impeachment trial. The decision marks the third rate cut in four meetings, with the country’s GDP growth in the fourth quarter falling to 1.2% due to weakness in consumption and construction sectors. Despite concerns over household debt, the Bank of Korea is expected to continue easing monetary policy to support the economy and inflation, with limited negative impact on the financial industry and foreign capital flows.
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US, Iran nuclear talks could allow some uranium enrichment
SummaryThe Trump administration is proposing an interim plan allowing Iran to enrich uranium at low levels while negotiating a comprehensive deal to prevent nuclear weapon development, as reported by the New York Times. The plan includes building nuclear reactors in Iran and managing enrichment facilities with regional partners, but Iranian officials insist on maintaining their right to enrich uranium, a point of contention as President Trump opposes any enrichment. The deal remains vague on key...
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